HomeMy WebLinkAbout1981-593-12.07.1981 RESOLUTION NO. 1981-593
RESOLUTION AUTHORIZING AND APPROVING THE
EXECUTION OF A LEASE AGREEMENT BY AND
BETWEEN THE CITY OF WATERLOO , IOWA AND
JOHNNY AND JANICE RICE .
WHEREAS , it is necessary for the City , hereinafter called
"Landlord " to enter into a Lease Agreement with Johnny and Janice
Rice , hereinafter called "Tenant " for the property below ground
level and legally described as :
See attached Legal Description
and,
WHEREAS , the City has acquired said above mentioned property
from Johnny and Janice Rice in connection with the Conway Plaza
Development Project , and
WHEREAS , said heating facilities for adjacent property still
owned by the Rices are located under property acquired by the
City , it is therefore necessary to lease below ground property to
the Rices in order to maintain heat in property retained by
Rices .
NOW , THEREFORE , BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF WATERLOO , IOWA that the Lease Agreement by and between the
City of Waterloo , " Landlord " , and Johnny and Janice Rice ,
"Tenant " , is hereby approved and Mayor and City Clerk are hereby
authorized and directed to execute said Lease Agreement in behalf
of the City of Waterloo, Iowa .
Passed and adopted this 7th day of December, 1981 .
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RESOLUTION NO. 1981-592
RESOLUTION determining to proceed with the issuance of
not to exceed $500,000 Industrial Revenue Bonds , Series
1981 (Professional Office Services, Inc. Project) , of
the City of Waterloo, Iowa.
* * * * * * * * * *
WHEREAS, the City of Waterloo, in the County of Black Hawk, State of Iowa,
(the "City") , proposes to issue Industrial Revenue Bonds, Series 1981 (Profes-
sional Office Services, Inc. Project) , of said City in a principal amount not
to exceed $500,000 (the "Series 1981 Bonds") for the purpose of lending the pro-
ceeds thereof to Professional Office Services, Inc. , (the "Corporation") , to
defray the cost, to that amount, of the acquisition of certain real estate,
buildings, equipment and fixtures for the remodeling of existing facilities
and the purchase of equipment used in connection with the manufacturing of paper
and office products located in the City (the Project) , all in accordance with
the provision of Chapter 419 of the Code of Iowa, 1981 , as amended , (the "Act");
and
WHEREAS, pursuant to published notice of intention, this City Council
has conducted a public hearing, as required by Section 419.9 of the Act, and
this City Council deems it necessary and advisable to proceed with the Project,
the issuance of the Bonds , and the loan of the proceeds of the Series 1981 Bonds
to the Corporation;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO,
IOWA, AS FOLLOWS:
Section 1 . That at the public hearing conducted by this City Council
pursuant to published notice all local residents who appeared were given an
opportunity to express their views for or against the proposal to issue the
Series 1981 Bonds.
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Section 2. That this City Council deems it necessary and advisable,
and hereby determines, to proceed with the Project, the issuance of the Series
1981 Bonds, and the loan of the proceeds of the Series 1981 Bonds to the Corpor-
ation, all upon terms and conditions mutually satisfactory to the City and the
Corporation.
Section 3. That this Resolution shall become effective immediately upon
its passage and approval .
Passed and approved on the 7th day of December, 1981 .
Mayor , Leo . Rooff
Attest:
,
Ci Clerk , La ry . Burger
I , Larry P. Burger, being first duly sworn, do hereby depose and certify
that I am the duly appointed, qualified and acting City Clerk of the City of
Waterloo, in the County of Black Hawk, State of Iowa, and as such I have in
my possession, or have access to, the complete corporate records of said City
and of its Council and officers; that I have carefully compared the transcript
hereto attached with the aforesaid corporate records and that said transcript
hereto attached is a true, correct and complete copy of all the corporate
records in relation to the adoption of Resolution No. 19 8 1-5 92 , entitled:
RESOLUTION determining to proceed with the issuance of not to
exceed $500,000 Industrial Revenue Bonds, Series 1981 (Profes-
sional Office Services, Inc. Project) of the City of Waterloo, Iowa.
WITNESS my hand and the corporate seal of said City hereto affixed at
Waterloo, Iowa this 8 day of December , 1981 .
y Clerk
(SEAL) ry P. B. er
STATE OF IOWA )
) ss.
COUNTY OF BLACK HAWK )
Subscribed and sworn to before me this day, the date last above written.
Notary Public and for the Stat of Iowa
(Notarial Seal )